Jerome Powell sees a historically low unemployment rate and above-target inflation; while the dissenters note that households are spending less and private job creation is soft. Yet markets seem to be following the Fed chair’s lead https://t.co/tHTqABzKzO ...

in terms of businesses like mining, you know, there's not a there's not necessarily a direct uh u um consequence of uh of these tariffs. Uh generally speaking, that would be uh but more fundamentally, I think the second order is that uh you know, around the world, I think we're going to experience some some very serious inflation over time, and that's going to affect a number of of the um the inputs to to production from a supply chain point of view. It's certainly going to impact finished good uh finished ...

Why don't we put this in context. Uh, two descending votes. How big of a deal is that.>> Well, as you point out, it hasn't happened since 1993. But on the other hand, uh, both Bowman and Waller have been indicating that they wanted to have a cut at this meeting. And most importantly, if you go back to June, we already saw some schisms, some splits start to show up.So, I would say it's just playing out as has been signaled before. I wouldn't overstate it um because uh I think the vast majority of the committ ...

"I think we're going to experience some very serious inflation over time."Anglo American CEO Duncan Wanblad tells @KritiGuptaNews businesses will need to deal with rising costs and affected supply chains as a result of tariffs https://t.co/KeucuvZ9uy https://t.co/Q7pIV3GwtL ...

In Powell's view, the Fed is further from its goal on inflation than that of the job market, which means the Fed must keep rates high. Change that equation, though, and the Fed could quickly begin to cut interest rates. https://t.co/ZZRxtLqxRf ...

The Bank of Japan held its benchmark interest rate steady and raised its inflation outlook as it continues to assess the impact of Trump’s tariffs https://t.co/GtofMkfSMx ...

Federal Reserve Chair Jerome Powell shrugged off pressure from the White House and rejected arguments for an interest-rate cut from two dissenting officials, maintaining that the central bank needed to stay on guard against inflation risk https://t.co/NjYlfowNcp ...

RT CoinDesk Podcast Network (@CoinDeskPodcast)📊 Did Fed Chair Jerome Powell just threaten a rate hike? His warnings on inflation risk from tariff policy sparked a quick Bitcoin tumble to $115,800.@jennsanasie brings you "Chart of the Day," presented by @cryptocom.👇 https://t.co/JWFWwQRN21 ...

We do want to turn back now to the today's big news on the economy. I'm joined now by NBC News senior White House correspondent Garrett Hake and CNBC senior economics reporter Steve Leeman and Thomas Hanik, former president of the Federal Reserve Bank of Kansas City. He's now a distinguished senior fellow at the Meritus Center at George Mason University.Thank you all for joining us. Really appreciate it. Garrett, let me start with you.The president has not been shy at all about trying to pressure the Fed to ...

Consumer Spending - Consumer spending had been very strong but may finally be slowing down [2] - Credit card companies indicate consumer spending is at a healthy level, though not growing rapidly [2] - GDP data aligns with expectations of a consumer spending slowdown, but interpretation is difficult due to swings in net exports [4] - The industry is closely watching consumer spending, along with the labor market and inflation [5] Labor Market - Private sector job creation has decreased, potentially close to zero based on QCEW adjustment [7] - The unemployment rate remains low, indicating a balance between slowing demand and supply of workers [7] - Immigration policy has slowed the flow into the labor force [8] - Wages are gradually cooling, and vacancies to unemployment ratios have been stable [9] - The labor market is solid but faces downside risks due to declining demand and supply [9] Delinquencies - Bank earnings calls indicate good credit performance [3] - High-end delinquencies are noted, but their significance is unclear [3]